1034 Sherman Street, Toledo, OH
17.97% return
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Property Description

Cash cow duplex!!!

17%+ net return on investment!! Needs management and TLC. Decent area. Large units. Steal this property before the market goes up. 

Property Information

  • Listing statusPending
  • Property typeMulti Family
  • Total units2
  • Total bedrooms4
  • Total bathrooms2
  • Building size1896 sq. ft.
  • Lot size0.1 acres
  • Year built1912
  • CountyLucas County
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingGas Furnace
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $49,900
  • Estimated rehab 1 $0
  • Total investment $49,900
  • Type Proforma
  • Gross income (annually) $13,200
  • Operating expenses (annually) $4,232
  • Net income (annually) $8,968
  • Gross return 26.45%
  • Gross income (monthly) $1,100
  • Operating expenses (monthly) $353
  • Net income (monthly) $747
  • Net return 17.97%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $550/month $6,600/year
  • Unit 2: 2 bed / 1 bath $550/month $6,600/year
  • Total $1,100/month $13,200/year
  • Expenses
  • Property Taxes $39/month $472/year
  • Insurance $67/month $800/year
  • Water and Sewer $80/month $960/year
  • Gas Utility Bill $100/month $1,200/year
  • Maintenance reserve $67/month $800/year
  • Total $353/month $4,232/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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